EARNINGS PER SHARE

12 Months Ended

May 31, 2016

Earnings Per Share [Abstract]

EARNINGS PER SHARE

17. EARNINGS PER SHARE

Basic earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income for the period by the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding restricted stock-based awards, stock options, and shares issuable under the employee stock purchase plan using the treasury stock method. The following table sets forth the computation of basic and diluted earnings per share:

	Year Ended May 31,
(in millions, except per share data)	2016		2015		2014
Net income	$	8,901	$	9,938	$	10,955
Weighted average common shares outstanding		4,221		4,404		4,528
Dilutive effect of employee stock plans		84		99		76
Dilutive weighted average common shares outstanding		4,305		4,503		4,604
Basic earnings per share	$	2.11	$	2.26	$	2.42
Diluted earnings per share	$	2.07	$	2.21	$	2.38
Shares subject to anti-dilutive restricted stock-based awards and stock options
excluded from calculation(1)		63		37		76

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(1) These weighted shares relate to anti-dilutive restricted stock-based awards and stock options as calculated using the treasury stock method and could be dilutive in the future. See Note 14 for information regarding the exercise prices of our outstanding, unexercised options.